Clearbridge Investments LLC Reduces Stock Position in ONE Gas, Inc. $OGS

Clearbridge Investments LLC reduced its position in shares of ONE Gas, Inc. (NYSE:OGS) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,836 shares of the utilities provider’s stock after selling 18,494 shares during the period. Clearbridge Investments LLC owned 0.16% of ONE Gas worth $7,635,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CWA Asset Management Group LLC purchased a new position in shares of ONE Gas during the fourth quarter valued at approximately $2,037,000. Hudson Bay Capital Management LP purchased a new stake in shares of ONE Gas in the 3rd quarter worth about $1,628,000. Cresset Asset Management LLC bought a new stake in shares of ONE Gas during the 3rd quarter valued at about $1,416,000. Ontario Teachers Pension Plan Board bought a new stake in shares of ONE Gas during the 3rd quarter valued at about $2,233,000. Finally, SG Americas Securities LLC boosted its stake in shares of ONE Gas by 3,436.1% during the 4th quarter. SG Americas Securities LLC now owns 136,811 shares of the utilities provider’s stock valued at $10,569,000 after purchasing an additional 132,942 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Up 1.5%

Shares of ONE Gas stock opened at $77.12 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The company has a 50-day moving average of $84.61 and a 200 day moving average of $82.67. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 2.58 and a beta of 0.66. ONE Gas, Inc. has a 1 year low of $70.87 and a 1 year high of $90.78.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.02). The business had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s payout ratio is currently 61.40%.

Wall Street Analysts Forecast Growth

OGS has been the subject of a number of research reports. Wolfe Research initiated coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating for the company. Mizuho decreased their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday. Truist Financial decreased their price target on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Stifel Nicolaus increased their price target on shares of ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ONE Gas has an average rating of “Hold” and a consensus target price of $89.38.

ONE Gas Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.